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TheStreet Wire

Pengrowth Energy Stock Hits New 52-Week Low (PGH)

By TheStreet Wire 06/25/12 - 09:55 AM EDT

Find out if (PGH) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Pengrowth Energy (NYSE:PGH) hit a new 52-week low Monday as it is currently trading at $6.31, below its previous 52-week low of $6.37 with 82,722 shares traded as of 9:30 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Pengrowth Energy has a market cap of $2.38 billion and is part of the basic materials sector and energy industry. Shares are down 39.3% year to date as of the close of trading on Friday.

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Canada. It primarily explores for crude oil, natural gas, and natural gas liquids in the provinces of Alberta, British Columbia, Saskatchewan, and Nova Scotia. The company has a P/E ratio of 28.4, above the average energy industry P/E ratio of 26.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pengrowth Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Pengrowth Energy Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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